pcarter7879 pcarter7879
  • 03-11-2017
  • Business
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Refer to table 16-2. what is the concentration ratio for industry j?

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Erudite1
Erudite1 Erudite1
  • 15-11-2017
Concentration ratio refers to the measure of the total output produced in an industry by a given number of firms in the industry. Concentration ratio is calculated as the sum of the market share percentage held by the largest specified number of firms in a particular industry. The concentration ratio ranges from 0% to 100%. The ratio indicates the degree of competition in that industry.
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